Connect with us

Technology

Automotive Exhaust Gas Sensors Market size is set to grow by USD 11.26 billion from 2024-2028, Increase in demand for automobiles to boost the market growth, Technavio

Published

on

NEW YORK, July 2, 2024 /PRNewswire/ — The global automotive exhaust gas sensors market  size is estimated to grow by USD 11.26 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.85%  during the forecast period.  Increase in demand for automobiles is driving market growth, with a trend towards cloud integration with OBD. However, increasing cost burden on oems  poses a challenge. Key market players include ABB Ltd., Analog Devices Inc., BorgWarner Inc., Broadcom Inc., Continental AG, DENSO Corp., Emerson Electric Co., Faurecia SE, HELLA GmbH and Co. KGaA, Hitachi Ltd., Honeywell International Inc., Hyundai Motor Co., Infineon Technologies AG, MS Motorservice International GmbH, Niterra Co. Ltd., Robert Bosch GmbH, Sensata Technologies Inc., Stoneridge Inc., Tenneco Inc., and Tohoku Shibaura Electronics Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Oxygen sensor, Temperature sensor, NOx sensor, Particulate matter sensor, and Differential pressure sensor), End-user (Passenger vehicles and Commercial vehicles), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Analog Devices Inc., BorgWarner Inc., Broadcom Inc., Continental AG, DENSO Corp., Emerson Electric Co., Faurecia SE, HELLA GmbH and Co. KGaA, Hitachi Ltd., Honeywell International Inc., Hyundai Motor Co., Infineon Technologies AG, MS Motorservice International GmbH, Niterra Co. Ltd., Robert Bosch GmbH, Sensata Technologies Inc., Stoneridge Inc., Tenneco Inc., and Tohoku Shibaura Electronics Co. Ltd.

Key Market Trends Fueling Growth

The automotive exhaust gas sensors market is driven by advancements in sensor technology, enabling integration with cloud-based systems. These innovations offer benefits such as online support for repair services, fleet diagnostics, predictive maintenance, and improved driving tracking. However, security and privacy concerns arise due to the potential transfer of sensitive vehicle and personal data without consent. Robust system security and encryptions are essential prerequisites for cloud-connectivity in exhaust gas sensors to mitigate these risks and ensure market growth. 

The Automotive Exhaust Gas Sensors market is experiencing significant growth due to increasing regulations on emissions. These sensors play a crucial role in measuring exhaust gases and ensuring compliance with environmental standards. The market is driven by technological advancements, such as the integration of microelectromechanical systems (MEMS) and the development of real-time monitoring systems. Additionally, the rise in demand for fuel-efficient vehicles and the growing awareness of air quality are key trends shaping the market. The use of autonomous vehicles is also expected to boost the market, as sensors play a vital role in their operation. Overall, the Automotive Exhaust Gas Sensors market is poised for continued expansion in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The automotive exhaust gas sensors market is experiencing growth due to stricter emission regulations. OEMs are investing in new technologies and exhaust systems to meet these norms, including engine improvements, NOx and particulate matter treatments, and electronic controls. However, the use of precious metal sensors adds to manufacturing costs and vehicle prices, potentially decreasing demand. High-performance vehicles face even higher sensor replacement costs. These factors may challenge profit margins for OEMs and impact the market during the forecast period.The Automotive Exhaust Gas Sensors market faces several challenges. These sensors are essential for monitoring vehicle emissions and maintaining environmental regulations. However, the development of cost-effective and accurate sensors remains a significant challenge. Additionally, the integration of these sensors into complex vehicle systems requires extensive research and development. Furthermore, the need for sensors to detect various gases, such as carbon monoxide and nitrogen oxides, adds to the complexity. Lastly, ensuring the sensors’ durability and reliability under extreme temperatures and conditions is a continuous challenge. Despite these hurdles, advancements in technology and materials continue to drive innovation in the Automotive Exhaust Gas Sensors market.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This automotive exhaust gas sensors market report extensively covers market segmentation by

Type 1.1 Oxygen sensor1.2 Temperature sensor1.3 NOx sensor1.4 Particulate matter sensor1.5 Differential pressure sensorEnd-user 2.1 Passenger vehicles2.2 Commercial vehiclesGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Oxygen sensor-  Oxygen sensors are essential components in automotive exhaust systems, monitoring exhaust gas emissions and maintaining optimal engine performance. These closed-loop sensors detect oxygen molecules to determine the engine’s air-fuel mixture, ensuring it adheres to the stoichiometric ratio. Placed before and after the catalytic converter, they help reduce hydrocarbons and NOx emissions. Manufactured with zirconium bulbs and platinum electrodes, they have become standard equipment due to increasing regulatory compliance. New technologies like MEMS semiconductors are driving down costs, leading to wider adoption and market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Automotive Exhaust Gas Sensors Market encompasses the production, sales, and installation of sensors used to monitor exhaust gas emissions in automotive vehicles. These sensors play a crucial role in ensuring compliance with norms and regulations regarding vehicular emissions. They measure physical properties such as temperature, fluid level, and pressure to detect overheating, NOx emissions, and other pollutants. Exhaust gas sensors are integral components of engine control units in both passenger cars and commercial vehicles. Their function is essential for both efficiency, safety, and comfort, as well as for pollution control. The market for these sensors is expanding, driven by the growing demand for electric vehicles and the need for advanced exhaust sensors to improve exhaust gas treatment systems in diesel cars.

Learn and explore more about Technavio’s in-depth research reports

The global Automotive Engineering Service Providers (ESP) market is witnessing significant growth, driven by advancements in vehicle technologies and the increasing demand for innovative engineering solutions. Concurrently, the global Micromobility market is booming as urban areas embrace sustainable and efficient transportation options, such as e-scooters and e-bikes. Additionally, the global Automotive Digital Key market is expanding rapidly, fueled by the rising adoption of connected cars and the need for enhanced vehicle security and convenience. Together, these markets reflect a dynamic shift towards smarter, more efficient, and secure mobility solutions worldwide.

Market Research Overview

The Automotive Exhaust Gas Sensors market is a significant segment in the automotive industry, focusing on the development and implementation of sensors used to monitor exhaust gas emissions. These sensors play a crucial role in ensuring compliance with environmental regulations and improving vehicle performance. The market encompasses various types of sensors, including oxygen sensors, NOx sensors, and CO sensors. The demand for these sensors is driven by stringent emission norms and the increasing awareness of environmental sustainability. The market is also influenced by technological advancements, such as the integration of advanced sensors and the adoption of electric vehicles. The future of the Automotive Exhaust Gas Sensors market lies in the development of sensors that can accurately measure a wider range of emissions and provide real-time data to optimize vehicle performance and reduce emissions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeOxygen SensorTemperature SensorNOx SensorParticulate Matter SensorDifferential Pressure SensorEnd-userPassenger VehiclesCommercial VehiclesGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-exhaust-gas-sensors-market-size-is-set-to-grow-by-usd-11-26-billion-from-2024-2028–increase-in-demand-for-automobiles-to-boost-the-market-growth-technavio-302187215.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Precision Meets Power: Vantage Marks 15 Years with New Anniversary Video, “The Ultimate Trading Machine”

Published

on

By

PORT VILA, Vanuatu, Nov. 14, 2024 /CNW/ — Celebrating 15 years of excellence, leading multi-asset broker Vantage Markets (or “Vantage”) has launched a video titled “The Ultimate Trading Machine*”, a tribute to 15 years of innovation, precision, and the relentless pursuit of empowering traders globally. The video encapsulates Vantage’s journey and reflects the bold, ambitious spirit of the brand.

 

“In the pursuit of excellence, precision and speed are everything,” the video states. For 15 years, Vantage has been at the forefront of innovation, continuously evolving to meet the needs of traders. From launching tools like the proprietary mobile app and Copy Trading platform, to integration with TradingView. In a latest assessment done by Investing.com, Vantage emerged top across multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections. Vantage has consistently set new standards, solidifying its position as a global leader in online trading.

Since its inception, the company has secured licences in the UK, Australia, South Africa, the Cayman Islands, and Vanuatu, establishing itself as a trusted and regulated broker. Through the years, Vantage has been committed to being a model brand for traders, forging partnerships with esteemed organisations such as NEOM McLaren Extreme E, UNESCO, and UNHCR, ensuring that it contributes positively to society as well.

“For 15 years, Vantage has fueled ambition with tools that empower traders to unlock their full trading potential,” said Marc Despallieres, Chief Strategy and Trading Officer. “The Ultimate Trading Machine’ isn’t just a tagline—it’s our dedication to precision and progress.”

Geraldine Goh, Chief Marketing Officer, added, “This video captures Vantage’s journey—15 years of innovation, ambition, and dedication to empowering traders. Our goal is to inspire traders to aim higher, knowing Vantage will always be there, pushing the limits alongside them.”

Vantage’s journey continues with a focus on setting new industry standards, delivering cutting-edge features, and empowering traders to succeed.

Experience Vantage’s 15-year journey and see “The Ultimate Trading Machine” in action here.

Learn more about Vantage’s 15 anniversary here.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

*’The Ultimate Trading Machine’ is a marketing term and does not imply guaranteed performance.

View original content to download multimedia:https://www.prnewswire.com/news-releases/precision-meets-power-vantage-marks-15-years-with-new-anniversary-video-the-ultimate-trading-machine-302304140.html

SOURCE Vantage

Continue Reading

Technology

J&T Express Exceeds 100 Million Global Parcels Handled in a Single Day During Double 11, Driven by Strong Growth Across Multiple Regions

Published

on

By

HONG KONG, Nov. 14, 2024 /PRNewswire/ — J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 01519), a global logistics service provider, announced a new milestone in its growth trajectory, surpassing 100 million parcels handled worldwide in a single day during this year’s Double 11 shopping festival on November 12th.

Double 11 is a traditional peak season for China and Southeast Asia. From October 20 to November 12, J&T Express saw significant growth in parcel volume in both markets. In China, the daily average parcel volume during this period reached nearly 66 million, a 25% year-over-year (“YoY”) increase, setting a new record. In Southeast Asia, the daily average parcel volume from November 1 to 11 exceeded 15 million, marking an impressive 73% YoY growth.

In anticipation of the expected surge in parcel volumes during the multiple year-end shopping festivals, J&T Express implemented early preparations across various markets, increasing investment in infrastructure and human resources to ensure operational efficiency and service quality. In China, based on business forecasts and actual production needs, J&T upgraded and renovated 32 sorting centers nationwide, expanding operating areas and improving timeliness. Over 600 distribution hubs and outlets were also upgraded across the country, with over 400 sets of automated equipment deployed to enhance operational capacity and effectively manage the peak parcel volume.

Benefiting from the vast growth potential of Southeast Asian markets and close collaboration with e-commerce clients, J&T Express anticipated the increase in e-commerce parcel volume during Double 11 and made proactive preparations. In September and October, J&T Express Vietnam deployed over 300 trucks, and the company constructed its largest sorting center in North Vietnam, equipped with advanced operating technology and equipment, which officially commenced its operations. This center boasts a parcel handling accuracy rate of 99.99%, significantly enhancing operational efficiency.

In Thailand, J&T Express upgraded four sorting centers and five distribution hubs, adding over 13 sets of automated equipment to boost operational capacity. As a result, the peak processing capacity of sorting centers increased by approximately 25%, and the distribution hubs saw a 20% improvement. Furthermore, J&T Express Thailand expanded its sorting area by approximately 19,000 square meters, added over 900 transport vehicles, and recruited over 3,800 personnel to meet the growing demand of sorting, delivery, and customer service sectors.

In other new markets, Black Friday (November 29th) marks the largest logistics peak season in Latin America. J&T Express has observed a significant upward trend in parcel volumes in Brazil and Mexico. To address the upcoming peak, J&T Express in both countries has proactively invested in infrastructure and human resources, upgrading automated equipment to meet the high-quality express service demands of both clients and consumers.

“J&T Express exceeding 100 million global parcels handled in a single day during Double 11, setting a historic record, demonstrates our robust operational capabilities and unwavering commitment to serving our global customers,” said Charles Hou, Vice President of J&T Express. “We will continue to invest in infrastructure and resource allocation across various markets, focusing on network optimization and service enhancement to ensure efficient and reliable logistics services for global users during peak seasons, meeting the ever-growing global market demands.”

About J&T Express

J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its “customer-oriented and efficiency-based” mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/jt-express-exceeds-100-million-global-parcels-handled-in-a-single-day-during-double-11-driven-by-strong-growth-across-multiple-regions-302305465.html

SOURCE J&T EXPRESS

Continue Reading

Technology

CHINT’s CHX120 Integrated DC Meters Offer a Reliable and Precise Solution

Published

on

By

SHANGHAI, Nov. 14, 2024 /PRNewswire/ — (CHINT )The global shift towards electric vehicles (EVs) and renewable energy solutions has increased the demand for accurate and reliable DC metering technologies. DC meters play a crucial role in charging systems, where precise energy measurement is vital to ensure transparency, efficiency, and fairness for both operators and consumers.

DC meters are primarily designed for electric vehicle charging stations, where high precision and reliability are essential. The CHINT CHX120 is an innovative DC meter designed specifically for EV charging stations and other high-demand DC metering environments. Key features include:

Integrated Design: Shunt and meter combined in a single unit, reducing space and simplifying installation.High-Precision Measurement: Accurate readings for both forward and reverse energy flows, ensuring reliable billing.Multi-Tariff and Time Period Support: Supports up to 12 tariffs and 24 time periods for flexible energy pricing.Intelligent Temperature Monitoring: Monitors temperature to ensure safe operation and extend equipment lifespan.Strong Communication Compatibility: Compatible with RS-485, Modbus, and other protocols for seamless system integration.Diverse Shunt Specifications: Offers various shunt sizes, supporting currents up to 650A for high-power applications.Dual Sealing: Features physical and electronic seals for enhanced security and tamper resistance.Strong Data Storage Functionality: Stores up to 100 charging cycles and preserves data for 10 years during power outages.

The CHX120 is perfect for electric vehicle charging stations and other DC metering scenarios where high precision, safety, and reliability are crucial. It is particularly suited for high-power charging applications and systems requiring robust performance and long-term data storage.

In summary, DC meters are essential components in modern energy systems, particularly in electric vehicle charging infrastructure. Their ability to accurately measure energy consumption, communicate data remotely, and integrate seamlessly into complex systems makes them invaluable for both operators and consumers. The CHINT CHX120 is a standout DC energy meter that combines cutting-edge technology with practical design, offering a reliable and precise solution for today’s DC metering needs.

By understanding the principles, technology, and application of DC meters, businesses and consumers can make informed decisions to optimize energy usage and improve operational efficiency.

Photo – https://mma.prnewswire.com/media/2557870/image_5019413_31239855.jpg

View original content:https://www.prnewswire.co.uk/news-releases/chints-chx120-integrated-dc-meters-offer-a-reliable-and-precise-solution-302305475.html

Continue Reading

Trending